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Managerial Accounting

Managerial Accounting - 7th edition

ISBN13: 978-0324143195

Cover of Managerial Accounting 7TH 02 (ISBN 978-0324143195)
ISBN13: 978-0324143195
ISBN10: 0324143192
Edition: 7TH 02
Copyright: 2002
Publisher: South-Western Publishing Co.
Published: 2002
International: No

Managerial Accounting - 7TH 02 edition

ISBN13: 978-0324143195

Carl S. Warren, James M. Reeve and Philip E. Fess

ISBN13: 978-0324143195
ISBN10: 0324143192
Edition: 7TH 02
Copyright: 2002
Publisher: South-Western Publishing Co.
Published: 2002
International: No

Don't manage with anything less . . . than the new edition of this managerial text from the authors of Accounting, 20e, the most successful college educational product of all time. Managerial Accounting, 7e combines basic concepts with a heavy dose of the real world to build the skills for effective management.


  • NEW! Technology Assisted Learning: Warren/Reeve/Fess features a technology based system that provides teaching and learning solutions in an interactive environment. The learning system consists of 3 elements, Web Tutor Advantage (on Web CT, Blackboard, and non-platform specific), Personal Trainer, and the Product Web Site.
  • ''Real World Notes'': J.C. Penney Co. and General Electric are just a couple of the familiar examples that provide a close-up look at how accounting operates in the marketplace. These examples are highlighted in the margin of the text.
  • Financial Analysis and Interpretation: At the end of each financial chapter, a section describes an important element of financial analysis to help students understand the information in financial statements and how that information is used.
  • Critical-Thinking and Decision-Making Activities: Students need to develop analytical abilities, not just memorize rules. These activities focus on understanding and solving issues. Some are presented as dialogues - a conversation in which students can ''observe'' and ''participate'' when they respond to the issue being discussed.
  • Team Building: Group Learning Activities let students learn accounting and business concepts while building teamwork skills.
  • Internet Use: Internet Activities launch students into accounting-related areas of the Worldwide Web's ever-expanding universe.
  • ''What Do You Think?'': These exercises and activities let students speculate about the real-world effects of newly learned material.
  • ''What's Wrong With This?'': These innovative exercises challenge students to analyze and discover what is wrong with a financial statement, a report, or a management decision.
  • Communications Items: These activities help students develop communication skills that will be essential on the job, regardless of the fields they pursue.
  • Illustrative Problem and Solution: A solved problem models one or more of a chapter's assignment problems, helping students make the most of the chapter and end-of-chapter materials.
  • Self Testing: Self-Examination Questions include a matching activity to help students review and retain terms and definitions.
  • NEW! Technology Based Annual Report: We have replaced the annual report from Hershey Inc. with Cisco Systems Inc., as it is more relevant to today's students. There are end of chapter questions that make the student refer to this annual report.
  • Exercises: An average of 20 exercises at the end of each chapter - more than any other text on the market - can be assigned or used as examples in the classroom. Most of these exercises focus on only one specific chapter objective.
  • Problems: Each chapter includes two full sets of problems for use as classroom illustrations, for assignments, for alternate assignments, or for independent studying. This edition features shortened problems to provide better focus on key chapter topics.
  • ''Setting the Stage'': The beginning of each chapter connects the student's own experiences to the chapter's topic. This tangible link is a great motivator.
  • ''Business on Stage'': This brief presentation of a business concept introduces accounting functions in a business context.
  • ''Encore'': Each chapter ends with a quick, fascinating story about a real business that succeeded or failed because it chose to observe or ignore the chapter's principle.
  • ''Q & A'': Questions & Answers in the margin of the text help students check whether they understand what they've just read.
  • ''Points of Interest'': These margin notes offer insight into subjects of special interest to students, such as careers and current events.
  • Summaries: Summaries within each chapter bring special attention to important points.

Table of Contents

M1. Introduction to Managerial Accounting and Job Order Cost Systems.
M2. Process Cost Systems.
M3. Cost Behavior and Cost-Volume-Profit Analysis.
M4. Proft Reporting for Management Analysis.
M5. Budgeting.
M6. Performance Evaluation Using Variances from Standard Costs.
M7. Performance Evaluation for Decentralized Operations.
M8. Differential Analysis and Product Pricing.
M9. Capital Investment Analysis.
M10. Cost Allocation and Activity-Based Costing.
M11. Cost Managment for Just-in-Time Environments.
M12. Statement of Cash Flows.
M13. Financial Statement Analysis.

A. Interest Tables.
B. Codes of Professional Ethics for Accountants.
F. Foreign Currency Transactions.
G. Cisco Systems, Inc., Annual Report.

Subject Index.
Company Index.

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